Sales Analysis.
Zhejiang Longsheng Group Co., Ltd. reported sales of 12.36 billion Chinese Renmimbi (US$1.87 billion)
for the
year ending
December of 2016.
This
represents
a
decrease of 16.1%
versus 2015, when the company's sales were 14.73 billion Chinese Renmimbi.
Contributing to the drop in overall sales was the 83.4% decline
in Real Estate, from 1.29 billion Chinese Renmimbi to 214.66 million Chinese Renmimbi.
There were also decreases in sales in
Special Chemical Products (down 10.7% to 10.53 billion Chinese Renmimbi)
and
Basic Chemical Products (down 6.8% to 820.32 million Chinese Renmimbi)
and
Other Operating (down 14.0% to 171.82 million Chinese Renmimbi)
and
Other (down 15.6% to 475.82 million Chinese Renmimbi)
.
However, these declines were partially offset by the increase in sales of
Service Business (up 19.6% to 147.13 million Chinese Renmimbi)
.